Latest Research Underlines Demand for Modern Retirement Properties

Latest Research Underlines Demand for Modern Retirement Properties

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Research, published by the NHBC Foundation (National House Building Council) in April this year, reveals a key reason for the 55+ to choose a specific retirement development is the availability and quality of communal facilities. The findings reflect the high standards of today’s modern retiree and mirror previous research by Knight Frank from Q4 2014, in which 69% of survey interviewees rated having a choice of lifestyle facilities nearby as highly important.

Responding to the demand for high-quality lifestyle facilities is forward-thinking retirement village Wadswick Green in Wiltshire which, this month, celebrates the opening of its state-of-the-art spa. Completing the village’s extensive leisure facilities, the new spa, which also features a 15-metre infinity pool with pool-side, sunken Jacuzzis and gym is part of a £1million investment and adds to the already existing sauna, steam room, hair salon and on-site restaurant.

Peter Ford, Chairman, Rangeford Holdings (Developer of Wadswick Green) comments: “The ‘baby-boomers’ generation is growing fast, with Euromonitor forecasting their spending power to reach $15 trillion by 2020. This group (currently aged between 50 and 68 years) is widely associated with privilege and were the wealthiest, most active, and most physically fit generation up to that time. With a liking for increased consumerism, the majority are not willing to compromise and looking to improve their lifestyle to suit their life stage at 55+. We have anticipated this demand by providing modern luxuriously designed homes with elevated services and facilities.”

Featuring products by Espa, renowned for its mature skin care collection, the new spa offers a wide choice of holistic treatments such as personalised facials, back scrubs and massages. Those wanting to indulge without compromise, can choose from a number of attractive spa packages. Situated in the ‘Pavilion’, the spa also gives easy access to Wadswick Green’s restaurant The Greenhouse, which is a popular choice for residents and locals of all age groups alike.

Once completed, Wadswick Green will comprise of 248, one, two or three bedroom apartments, set over 25 acres which provides owners with the luxury and therapeutic nature of open space.  Most recently, the development launched its 22 spacious one and two-bed ‘Pavilion Apartments’ conveniently located in the central building which means the spa is a mere lift-ride away.

The bright and spacious Pavilion Apartments feature hot-water, energy-efficient underfloor heating throughout as well as broadband, Wi-Fi, telephone and satellite outlets. A communal, high-spec lift adds to the comfort.

From the front door it is possible to see out of both windows to the countryside and woods.  The homes are ultra-modern with their own front door as well as high-efficiency double-glazed windows, providing a bright and friendly feel. Thorough insulation caters for peace and quiet and supports the energy efficient heating.

The luxurious double bedrooms have ample space for storage facilities and buyers can choose from a variety of quality carpets to match their style. Enhancing the spacious feel are the large living rooms with its 8’4” ceiling to floor height picture windows with direct access to a Juliet or walk-on balcony.

The Pavilion provides tailored daily in-home care services on the doorstep (provided by Rangeford Care).  These facilities have been carefully considered but are invisible to the eye, such as fashionable wet rooms rather than baths with hoists, wide doorways and shallow cupboards.  With access to 24 hour care, Pavilion This apartment is the perfect option for those who don’t know what their requirements will be in later life but find comfort in knowing that all is available if need arises.  Prices start at £265,000.
To find out more about Wadswick Green or to book a spa session please call 01225 583 030 or visit www.wadswickgreen.co.uk. Please note, treatments are available every day expect Sunday and Monday.

Strong Dual Season of Austrian Alps Sees Growing Interest from British Property Buyers

Strong Dual Season of Austrian Alps Sees Growing Interest from British Property Buyers

 

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Figures released by the Austrian National Tourist Office (ANTO) this year show that the country’s summer season is more popular than the ski season, with 51% of visitors enjoying the Alps for hiking, golfing, mountain-biking, watersports and other outdoor activities. The country’s strong dual-season is also driving the demand for property, both to buy and rent, as the Tyrol Tourism Board reveals 21% of overnight stays in summer 2015 have been spent in privately owned holiday homes.

Branson Atterbury, Marketing Director of Austrian property developer Kristall Spaces explains: “Due to Austria’s strong dual-season, the demand for holiday accommodation is greater than the supply, with many local hotels booking out quickly. As a result, privately owned holiday homes have had a steady uplift in all-year-round rental demand.

“We are registering an increasing number of enquiries from UK buyers who want the security of their property delivering rental returns throughout the year, not just during a specific season. At the same time, they want to experience the Alps’ dual-season themselves and take advantage of the summer activities, local events and fresh mountain air, which is perfect for those wanting to keep fit and catch some high-altitude sun.”

To meet the demand Kristall Spaces will, this year, launch Mountain Lake Resort – Ötztal in Oetz and Mountain Spa Resort – Paznaun near Ischgl, both offering rental returns of up to four percent. The Oetz project, located 30 minutes from Innsbruck Airport, will be in close proximity to Europe’s largest outdoor adventure park, Area 47, featuring 66,000 sqm of activities such as a large ski ramp to learn how to somersault on skis into water, rock-climbing, mountain-biking, cliff diving, wild water rafting, wakeboarding, mega-curved waterslides and more. Alternatively, and only a 45-minute drive from Oetz, lays Europe’s steepest summer toboggan run ‘Serlesbahn’, measuring 2.6 kilometres in length.

Mountain Spa Resort – Paznaun will be located one hour from Innsbruck Airport. Further details on the project are yet to be revealed but buyers will be able to choose from 40 luxury one to three-bedroom apartments, swimming pool and wellness as well as onsite restaurant and bar. Visitors and residents in Galtür can benefit from the Silvretta Card, which makes any hike easier as it offers free use of cable cars and chairlifts in Ischgl, Galtür, Kappl, See and Samnaun. Other activities in Galtür include tennis, cycling & mountain biking, golf, horse-riding and trout fishing as well as unique events such as the annual Cheese Olympics and Silvretta Run, a marathon event, next taking place on 15th and 16th July 2016.

Already, Austria has proven to be a sound investment as Savills’ most recent Spotlight Report ‘Alpine Property Market 2015/16’ revealed. The country’s strong domestic economy and record low interest rates have resulted in a national house price growth of 41% since 2008, compared to falls of 0.9 per cent in France over the same period. Despite the increase, Austria’s properties are still up to 50% cheaper than resort property in the Swiss and French Alps, triggering a growing interest from savvy buyers.

For more information, see www.kristall-spaces.com  or contact Kristall Spaces on Tel: 020 3735 8790